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18-02-2022, 09:37 PM
#741
Originally Posted by kiora
Yes aware of this. Neal got his earn out recently.
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24-11-2022, 11:51 AM
#742
The Moa has been sent to greener pastures, but these boys are gearing up to pour quite a few more pints.
Worth a punt, or will rising interest rates force the Auckland trendies teetotal?
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24-11-2022, 09:22 PM
#743
Originally Posted by Getty
The Moa has been sent to greener pastures, but these boys are gearing up to pour quite a few more pints.
Worth a punt, or will rising interest rates force the Auckland trendies teetotal?
Hospo is not an easy gig .....
https://www.stuff.co.nz/business/130...administration
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24-11-2022, 10:01 PM
#744
Originally Posted by stoploss
I agree.
Some points of difference with SVR though are that they survived covid and still paid $2.5M debt, opened 2 new bars in time for summer, bringing in 60 foreigners to augment the existing staff.
Management have kept faith to do that.
Steve Ross will be away from the taps, turps & till.
I'm getting thirsty thinking about it, although I'm yet to shout myself a few shares.
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24-11-2022, 10:23 PM
#745
If l partake to excess, at least I'll be able to say I've got a recovery stock...
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19-01-2023, 09:09 AM
#746
https://www.nzx.com/announcements/405515
Savor Limited (NZX: SVR) (“Savor” or with its subsidiaries “the Group”), New Zealand’s premier hospitality group, provides an update on summer trading and issues year end earnings guidance.
Highlights:
• Savor experiences record sales for the month of December 2022 of $6.8m, with multiple venues achieving new sales records.
• Investment in recruitment during the year provided a strong base to maximise trading results during the summer period.
• Close cost control measures through this time allowed the Group to improve margins and provide a base for the coming months.
• This solid period of trading allows the Group to provide earnings guidance of between $5 and $6 million for the financial year ending 31 March 2023.
• The Group reaffirms guidance for the 2024 financial year of revenue in excess of $70 million and operating earnings in excess of $10 million.
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19-01-2023, 03:34 PM
#747
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31-01-2023, 09:59 AM
#748
https://www.nzx.com/announcements/406001
Savor Limited (NZX: SVR) (“Savor” or with its subsidiaries “the Group”), New Zealand’s premier hospitality group, announces it plans to raise $3.25m of new capital via a fully underwritten pro rata rights issue. 5 new shares will be offered for every 44 shares held at 5pm on 10 February 2023.
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25-05-2023, 08:41 AM
#749
https://www.nzx.com/announcements/412014
Highlights:
• Savor’s revenue was $52.4m for the year, an increase of over 70% compared to 2022.
• EBITDA* was $5.2m, well within the guidance range announced in January 2023, also increasing over 70% compared to 2022.
• Operating cash flow exceeded $6m, compared to $2.9m in the prior year.
• Net profit after tax was ($0.6m) compared to ($2.3m) in the prior year, after adjusting for one-off restructuring and interest costs during the year. Including those charges net profit after tax was ($2.3m).
• The Group continued to strengthen its Balance Sheet with the repayment of over $3.6m in debt principal over the year and the repayment of $2.85m of deferred consideration for the Amano acquisition.
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27-03-2024, 01:02 PM
#750
Junior Member
https://www.nzx.com/announcements/428635
Highlights:
• Savor’s FY24 results will be its first reporting period without the impact of the Moa business or COVID-19. Since 2019 Savor has increased revenue by 299% and operating earnings* by 546%.
• With operating costs being tightly managed, Savor expects EBITDA for the financial year ending 31 March 2024 to be between $8.5 and $9.0 million (2023: $5.2 million).
• With margins for the Group improving by 4 percentage points compared to the prior year, Savor provides Net Profit After Tax guidance of between $1.5 and $2 million (adjusted for non-cash items).
• With principal amortisation now capped at $1 million annually, Savor forecasts the Group’s free cash flow to be from $3.5 million to $4 million on similar Group revenue, which will provide greater balance sheet flexibility moving forward.
• The new banking relationship with ANZ will have a cost of funds of circa 7% and Savor forecasts a debt to EBITDA ratio of approximately 1:1.
Seems to be a pretty good turn around.
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